Annual Incentive Plan (AIP) Worksheet
Pursuant to the CrossFirst Bankshares, Inc. Annual Incentive Plan (Amended and Restated February 26, 2020)
Employee Name:
Employee Title:
Employee Department:
Base Salary:
$ ___________
Target Incentive:
__% of Base Salary
Target AIP Opportunity:
$ __________
Stretch Incentive:
___% of Base Salary
Stretch Opportunity:
$ ___________
Total Maximum AIP Opportunity:
Your AIP payout for the period will be based on attainment of the following performance metrics. The applicable targets for each performance metric and each
applicable payout percentage are listed below. Your AIP payout percentage will be interpolated on a straight-line basis for performance between the listed achievement
levels and rounded to the nearest tenth of a percentage.
Performance Metric
AIP Plan
Weighting
Threshold (50%
payout)
Target (100%
payout)
Bank Performance
70%
Individual Performance
30%
Total Weighting
100%
1 Funding of the total AIP pool for CrossFirst Bankshares, Inc. (the Company) is based on the attainment of Adjusted PPCM of the Company. If the Company
achieves Adjusted PPCM at Target, 100% of the pool for all employees assigned to the Company eligible for AIP during the performance period may be funded.
If the attainment of Adjusted PPCM for the Company is less than Target, the total AIP pool for the Company will be funded at an amount less than Target using
linear interpolation.
Employee
Manager
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Payment Terms, Schedule and Criteria
This award issued under the CrossFirst Bankshares, Inc. Annual Incentive Plan (as amended and restated February 26,2020) (as amended, modified,
supplemented or restated, the “Plan”) is subject to the following terms and conditions.
Terms.
Payment based on attainment of each performance metric will be calculated annually based on approved full-year targets for the performance
period from January 1 through December 31 of the year noted on page one of this award (the “Incentive Period”). If you are in an eligible role under
the Plan for less than a full calendar year, your Target AIP Opportunity will be pro rated for that year. Corrections to prior period payments may be
made and applied to current period payments earned to ensure accurate incentive payments
.
Timing.
Payment of earned AIP incentive payout will be made not more than sixty (60) days after the end of the applicable performance period,
subject to satisfaction of the eligibility criteria below
.
Eligibility Criteria.
You must be in good standing on the date that your incentive payment is paid to receive an AIP incentive payment for the
performance period
.
Termination of Eligibility
. Your eligibility under the Plan will be terminated immediately in the event of termination of employment with CrossFirst
Bankshares, Inc. or any of its subsidiaries ("CrossFirst"), for any reason (voluntarily or involuntarily), or transfer to a non-AIP eligible role.
Payments are earned only for the completed Incentive Period (i.e., if employment with CrossFirst is terminated or if participation in the Plan is
otherwise terminated at any time before the completion of an Incentive Period, no incentive is considered earned or will be paid for that period). You
will earn and be entitled to payment for the incentive only if you are employed in your AIP-eligible role on the last day of the applicable incentive
period
.
Discretionary Adjustments.
At the discretion of the Compensation Committee or management, your AIP payout for the Incentive Period may be
decreased or increased based on consideration of your individual performance or other factors deemed relevant. Additionally, the Compensation
Committee or management may partially or fully reduce your AIP payout if you are not in good standing on the incentive payment date
.
Tax Withholding.
All payments under this AIP award will be subject to applicable federal, state, and local payroll and withholding taxes, for which
CrossFirst will collect and withhold
.
No Employment Right.
Nothing in this award shall interfere with or limit in any way the right of CrossFirst to terminate your employment at any
time, with or without cause
.
Incentive Payment Recovery; Clawback.
This award, and any right to receive and retain any incentive payout hereunder, is subject to rescission,
forfeiture, cancellation or recoupment, in whole or in part, if and to the extent so provided under the Plan or the CrossFirst Bankshares, Inc.
Clawback Policy
,
as in effect from time to time, or any other applicable clawback, adjustment or similar policy in effect on or established after the
date of this award (the "Clawback Policy"). By accepting this award of AIP, you agree that you are obligated to provide all assistance necessary to
CrossFirst to recover or recoup any of the incentive payout under this award which is subject to recovery or recoupment pursuant to the Clawback
Policy. Such assistance shall include completing any documentation necessary to recover or recoup any portion of the incentive payout received
pursuant to this AIP award from any accounts you maintain. CrossFirst may deduct the amounts owed from any pending or future compensation or
expense reimbursements owed to you by CrossFirst. To the extent such amounts are not setoff, you will remain liable for any remaining balance
.
Modifications to this Award.
The Plan Administrator (as defined in the Plan) reserves the right, in its sole discretion, to interpret and modify this
award agreement: (a) during the performance period to coincide with changing corporate objectives, and (b) during or after the performance period
to: (i) avoid windfall payments unintentionally derived from the plan design that may result from the highly variable nature of many loans, deposits
or market conditions and/or (ii) adjust payments or terminate this AIP award when your performance has been documented by management to be
unacceptable. Such modifications will occur only under the authority of the Plan Administrator(s), in its sole discretion. Any component of this
award may be adjusted to ensure that you receive adequate, yet reasonable, compensation.
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